Can Fin Homes Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 25, 2025.
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Can Fin Homes' Board, at its June 25, 2025 meeting, approved recommending to shareholders the issuance of onshore and/or offshore debt instruments including bonds and non-convertible debentures up to Rs. 10,000 Crores. The Board also recommended raising up to Rs. 1,000 Crores through equity routes such as QIP, preferential allotment, or rights issue. A final dividend of Rs. 6.00 per share (on face value of Rs. 2) was declared for FY25, with July 11, 2025 fixed as the record date. The 38th AGM is scheduled for August 20, 2025 via video conference. Additionally, Shri Swarupananda Mallick, a banking veteran with 27 years of experience across Yes Bank, Axis Bank, IDBI Bank and others, was appointed as an Independent Director for a 3-year term effective August 21, 2025.
The Rs. 10,000 Crore debt plan signals large-scale growth funding, which could expand the loan book but also raise leverage. The Rs. 1,000 Crore equity proposal may lead to dilution if executed, while the Rs. 6 dividend offers steady income to shareholders. The board changes and capital plans will be put to shareholder vote at the August AGM.